Market Overview: Darien, CT

Single Family Properties




October Headlines
Darien
  • Unit sales are down 44.0% to 14.
  • Median price in October was $1,247,000. This is down 18.9% from $1,537,500 in October of 2016.
  • Days on market is up by 33.6%.
Nearby Areas You May Be Interested In
  • Days on market in New Canaan is up 34.6% to 179.
  • Median price in Westport in October was $1,375,000. This is down 7.7% from $1,489,500 in October of 2016.
Headlines are based on comparisons between this month and the same month last year unless otherwise stated.

Changes Favoring Buyers
3 Months Ending October, 2017% Chg From Oct, 2016
Inventory 204 8.5%
Market Time (Days) 120 20.0%
Price per Sq Ft for Sold $488 -0.4%
Sales to List Price Ratio 94.7% -1.9%
New Listings 113 16.5%
Went To Contract 60 -17.8%
Changes Favoring Sellers
3 Months Ending October, 2017% Chg From Oct, 2016
Unit Sales 77 11.6%
Median Sale Price $1,500,000 7.1%
Months of Supply 8.1 -10.8%
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Sales
There were 14 unit sales in October. This is down 44.0% from 25 in October of 2016. This is the lowest unit sales have been since 13 in December, 2016. Sales/list price ratio in October moved up to 95.6% from 93.2% in September.

Prices
Median price in October was $1,247,000. This is down 18.9% from $1,537,500 in October of 2016. This is the lowest median price has been since September, 2016. 3-month median price of $1,500,000 in October was up just slightly from $1,445,000 in September and up a little from $1,400,000 in October of 2016. Price per square foot in October was $481. This is up from $449 in September but down from $493 in October of 2016.

Inventory
Inventory of 214 in October was up 2.4% from 209 in September and up 16.3% from 184 in October of 2016. New listings of 35 in October were way down from 59 in September but up modestly from 33 in October of 2016. Months of supply of 8.5 in October was up a little from 8 in September but down marginally from 8.9 in October of 2016.

Market Time
Days on market of 147 in October was down modestly from 155 in September but up considerably from 110 in October of 2016.


Change in Median Sale Price for Single Family Properties YTD From 2016 To 2017 for Towns in Fairfield County, CT Ranked by Best Performance
Towns% Change
Bridgeport 11.67%
Danbury 10.29%
Norwalk 6.94%
Trumbull 5.69%
Greenwich 5.55%
Bethel 4.79%
Stamford 3.63%
Stratford 3.31%
Darien 2.89%
Westport 2.59%
Data From: DARMLS
Towns with an average of at least 5 sales per month (maximum of 10)
 








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